AirJoule Technologies (NASDAQ:AIRJ) Issues Quarterly Earnings Results, Misses Estimates By $0.28 EPS

AirJoule Technologies (NASDAQ:AIRJ) announced its earnings results on Monday. The company reported ($0.37) earnings per share for the quarter, missing the consensus estimate of ($0.09) by ($0.28), FiscalAI reports.

AirJoule Technologies Trading Down 13.4%

AirJoule Technologies stock opened at $2.51 on Wednesday. The stock has a fifty day moving average price of $3.25 and a 200 day moving average price of $3.94. AirJoule Technologies has a 52 week low of $2.22 and a 52 week high of $6.75. The firm has a market capitalization of $152.31 million, a P/E ratio of -17.93 and a beta of 0.45.

Analysts Set New Price Targets

AIRJ has been the topic of several analyst reports. Lucid Cap Mkts raised shares of AirJoule Technologies to a “strong-buy” rating in a research note on Monday, December 22nd. UBS Group set a $7.00 price objective on shares of AirJoule Technologies in a research report on Monday, December 22nd. LADENBURG THALM/SH SH started coverage on shares of AirJoule Technologies in a research report on Tuesday, December 16th. They set a “buy” rating and a $8.00 target price on the stock. Finally, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of AirJoule Technologies in a research note on Friday. One equities research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $7.50.

Insider Transactions at AirJoule Technologies

In other AirJoule Technologies news, Chairman Patrick C. Eilers purchased 76,923 shares of the stock in a transaction on Thursday, January 15th. The stock was bought at an average price of $3.25 per share, for a total transaction of $249,999.75. Following the acquisition, the chairman directly owned 1,860,518 shares of the company’s stock, valued at $6,046,683.50. This represents a 4.31% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available at this link. Also, Director Stuart D. Porter acquired 153,846 shares of the company’s stock in a transaction dated Thursday, January 15th. The shares were bought at an average cost of $3.25 per share, with a total value of $499,999.50. Following the purchase, the director owned 776,879 shares in the company, valued at approximately $2,524,856.75. The trade was a 24.69% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Over the last three months, insiders acquired 238,461 shares of company stock worth $774,998. 40.39% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On AirJoule Technologies

Large investors have recently bought and sold shares of the stock. Goldman Sachs Group Inc. boosted its holdings in shares of AirJoule Technologies by 16.0% in the 4th quarter. Goldman Sachs Group Inc. now owns 24,113 shares of the company’s stock valued at $95,000 after purchasing an additional 3,323 shares during the last quarter. Barclays PLC increased its holdings in shares of AirJoule Technologies by 11.1% during the 4th quarter. Barclays PLC now owns 37,506 shares of the company’s stock worth $148,000 after buying an additional 3,760 shares during the last quarter. Group One Trading LLC increased its holdings in shares of AirJoule Technologies by 45.6% during the 3rd quarter. Group One Trading LLC now owns 13,100 shares of the company’s stock worth $61,000 after buying an additional 4,100 shares during the last quarter. Raymond James Financial Inc. purchased a new position in shares of AirJoule Technologies in the 2nd quarter worth $31,000. Finally, UBS Group AG raised its position in shares of AirJoule Technologies by 5.6% in the 3rd quarter. UBS Group AG now owns 138,678 shares of the company’s stock worth $650,000 after buying an additional 7,374 shares during the period. Hedge funds and other institutional investors own 63.65% of the company’s stock.

AirJoule Technologies Company Profile

Montana Technologies Corporation operates as an atmospheric renewable energy and water harvesting technology company. It provides energy and dehumidification, evaporative cooling, and atmospheric water generation through its AirJoule technology. The company is headquartered in Ronan, Montana.